We get this a lot on our site the answer to Ludovica Di Cori Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you just don’t want to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the first of all you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are produced once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply assume because i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they give that choice also so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something since that person has stated they’ve made profit 14 months in a row invest in these options since you think is the ideal ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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popular for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of options and generally each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees included truly important you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no charge sites then may not charge you for in fact buying and selling etfs or funds specific products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s kick off with charges actually crucial to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling all right so commission costs are totally free nevertheless there are a couple of other fees the first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you might state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are just one of those options that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you know depends entirely how you’re investing however that is a fee to remember the second charge that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and two free trade anyone at all this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they in fact providing you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state offer me us dollars rather you have to pay their fees now the fantastic thing about though when you have actually transformed your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their site won’t definitely restrict you in any way however we have to be aware of 2 other fees the very first being what’s called spread fees okay and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that belongs to the financial investment platform in between the buy price and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really indicates that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread fees it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit money now the last accomplishment is called an
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overnight fee now this is truly essential if you’re really utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy sell deal in the very same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which implies you’re really purchasing the precise possession instead of utilizing utilize anyway you won’t get hit with these costs however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you go into the aid area this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges obviously depending upon what you are buying as well this is on your own so keep that in mind however full charges are completely within their help details alright and we discussed as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of in fact using these copy functions they do not have any extra fees on top of the typical charges that
are there now what you require to remember though is these possibly managed by other people completely or often have created portfolios you have actually got a real individual doing the management you need to ensure you choose the person that’s right for you just like any profession this is your financial properties so we definitely require to make certain it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a terrific option for you once again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time of course if you had actually invested your real cash it enables you to develop self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just means am i fine with potentially losing a great amount of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose cash however that similarly indicates they’ll lose at some point in their journey obviously individuals do earn money as well and i have actually got videos everything about how you can make certain you’re one of the people to really make money however in this scenario ensure you research study your risk level would you be fine offering your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too really easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually look for somebody that you elegant really following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually satisfied that requirements and it does offer you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you fine with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is great so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Ludovica Di Cori Etoro.
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